U.S. and Ukraine sign minerals deal, Treasury Department announces
CBSN
Ukrainian and U.S. officials have signed a joint economic investment deal that includes granting the U.S. access to Ukrainian rare earths minerals, the Treasury Department announced Wednesday.
A Treasury Department press release said the two countries have agreed to establish a "United States-Ukraine Reconstruction Investment Fund," referring to it as an "economic partnership." The statement did not include more detail about the agreement.
Yulia Svyrydenko, Ukraine's economic development minister, confirmed that she signed the deal. In a series of posts on X written in Ukrainian, she described it as a 50/50 partnership between the U.S. and Ukraine that includes development of mineral, oil and gas projects. She said the deal would be funded through direct investment, future U.S. aid and revenue from new mineral licensing deals — and does not set up any Ukrainian debt obligations.
